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A FRAMEWORK FOR REVITALIZING AMERICAN MANUFACTURING

REVITALIZING AMERICAN MANUFACTURING

America’s manufacturers are at the heart of our country’s economy, providing good-paying jobs for millions of American families. The U.S. manufacturing sector is today the world’s largest; indeed, by itself it would represent the 9th largest economy in the world.

Nevertheless, manufacturing today faces enormous challenges. Manufacturing workers have paradoxically often been victims of their sector’s own success, as rapid productivity growth has meant that goods can be produced with fewer workers, contributing to a several decades-long trend of declining employment. This trend has been compounded by the shift of consumer spending from manufactured goods like TVs and cars to services like tourism, dining out and healthcare as well as increased consumption of manufacturing goods made elsewhere. And the recent downturn has been particularly painful for manufacturing companies, their workers and the communities that rely on them.

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